Connecticut GO Debt Rating Raised To 'A+' From 'A' On Moderating Debt Burden

NEW YORK (S&P Global Ratings) May 13, 2021--S&P Global Ratings has raised its rating on the State of Connecticut's general obligation (GO) debt to 'A+' from 'A' and assigned its 'A+' rating to the state's series 2021A (taxable) and 2021B-D GO bonds. The outlook on all the ratings is stable. We also raised to 'A+' from 'A' our rating on debt secured by a special capital reserve fund--which we view on par with that of the state's GO rating–that includes various issues by the Connecticut Housing Finance Authority, Connecticut Health and Educational Facilities Authority, and Connecticut Green Bank, as well as various other state-supported GO-equivalent securities. We also raised our rating on Connecticut's appropriation-secured debt to 'A' from 'A-' and

...May 13, 2021 NEW YORK (S&P Global Ratings) May 13, 2021--S&P Global Ratings has raised its rating on the State of Connecticut's general obligation (GO) debt to 'A+' from 'A' and assigned its 'A+' rating to the state's series 2021A (taxable) and 2021B-D GO bonds. The outlook on all the ratings is stable. We also raised to 'A+' from 'A' our rating on debt secured by a special capital reserve fund--which we view on par with that of the state's GO rating¡that includes various issues by the Connecticut Housing Finance Authority, Connecticut Health and Educational Facilities Authority, and Connecticut Green Bank, as well as various other state-supported GO-equivalent securities. We also raised our rating on Connecticut's appropriation-secured debt to 'A' from 'A-' and the state's moral obligation debt rating to '###+' from '###'. The ratings on the state's series 2016C GO bonds and Capital City Economic Development Authority series 2004B bonds, with liquidity support provided by Bank of America,...

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